Siebert Financial (NASDAQ:SIEB) Shares Pass Above 50-Day Moving Average - Should You Sell?

Shares of Siebert Financial Corp. (NASDAQ:SIEB - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.24 and traded as high as $4.69. Siebert Financial shares last traded at $4.63, with a volume of 169,217 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen assumed coverage on shares of Siebert Financial in a research note on Wednesday, May 21st. They issued a "hold" rating for the company.

Siebert Financial Trading Up 6.3%

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $183.46 million, a price-to-earnings ratio of 17.46 and a beta of 0.50. The business's 50-day moving average price is $3.36 and its two-hundred day moving average price is $3.02.

Siebert Financial (NASDAQ:SIEB - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The financial services provider reported $0.22 earnings per share for the quarter. Siebert Financial had a return on equity of 13.92% and a net margin of 12.83%. The firm had revenue of $28.92 million during the quarter.

Hedge Funds Weigh In On Siebert Financial

Several hedge funds have recently bought and sold shares of SIEB. Jane Street Group LLC bought a new stake in shares of Siebert Financial during the 4th quarter worth approximately $37,000. Renaissance Technologies LLC raised its position in Siebert Financial by 275.0% during the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider's stock valued at $123,000 after purchasing an additional 28,600 shares in the last quarter. Northern Trust Corp lifted its stake in Siebert Financial by 15.1% during the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider's stock worth $128,000 after purchasing an additional 5,323 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Siebert Financial by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider's stock valued at $685,000 after purchasing an additional 10,053 shares in the last quarter. 1.52% of the stock is owned by institutional investors.

About Siebert Financial

Siebert Financial Corp., through its subsidiaries, engages in the retail brokerage and investment advisory businesses in the United States and Internationally. It offers self-directed trading, market making and fixed income investment, stock borrow, stock loan, equity compensation plans, wealth management, and financial advisory services; independent retail execution services; and retail customer services.